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Author Question: Why is monopoly allocatively inefficient? (Read 76 times)

Gabby

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on: Oct 12, 2022
Why is monopoly allocatively inefficient?
◦ because the firm has no incentive to maximize profits
◦ because the marginal cost exceeds the average cost for the last unit produced
◦ because the opportunity cost exceeds the marginal cost of the last unit produced
◦ because the price exceeds the marginal cost of the last unit produced
◦ because lower costs could be achieved
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Gabby on Oct 12, 2022

senorfranco

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Gabby

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

JaynaD87

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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